Franklin Resources Inc. Has $144.14 Million Stake in iShares Floating Rate Bond ETF (BATS:FLOT)

Franklin Resources Inc. trimmed its stake in iShares Floating Rate Bond ETF (BATS:FLOT) by 40.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,832,999 shares of the company’s stock after selling 1,890,570 shares during the quarter. Franklin Resources Inc.’s holdings in iShares Floating Rate Bond ETF were worth $144,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Logan Capital Management Inc. purchased a new stake in iShares Floating Rate Bond ETF in the 3rd quarter worth approximately $25,000. Boyd Watterson Asset Management LLC OH grew its holdings in shares of iShares Floating Rate Bond ETF by 227.5% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,392 shares of the company’s stock valued at $71,000 after acquiring an additional 967 shares in the last quarter. Sanctuary Wealth Management L.L.C. increased its stake in shares of iShares Floating Rate Bond ETF by 20.0% in the fourth quarter. Sanctuary Wealth Management L.L.C. now owns 1,598 shares of the company’s stock worth $81,000 after acquiring an additional 266 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares Floating Rate Bond ETF in the fourth quarter worth $100,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of iShares Floating Rate Bond ETF during the fourth quarter worth $117,000.

iShares Floating Rate Bond ETF Price Performance

FLOT opened at $50.88 on Thursday. iShares Floating Rate Bond ETF has a 1 year low of $50.28 and a 1 year high of $51.16. The stock has a fifty day moving average price of $50.99 and a 200 day moving average price of $50.96.

iShares Floating Rate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1912 per share. The ex-dividend date of this dividend was Monday, March 3rd.

iShares Floating Rate Bond ETF Profile

The iShares Floating Rate Bond ETF (FLOT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of USD-denominated, investment-grade floating rate notes with maturities of 0-5 years. FLOT was launched on Jun 14, 2011 and is managed by BlackRock.